804 2Nd St Taylor, TX 76574

This exceptional investment opportunity presents a four-unit multifamily property located at 804 W 2nd St, Taylor, TX 76574. Boasting a prime location on a corner lot along the main thoroughfare into Taylor, this property offers significant upside potential. The 3,854 square foot property, built in 1940 and extensively renovated in 2022, sits on a 0.19-acre lot and is zoned B-1, permitting both commercial and residential use. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $49,536, resulting in a 7.09% cap rate. The asking price is $699,000, translating to $181.37 per square foot and $174,750 per unit. The property's strategic location offers easy access to Samsung, approximately 5 minutes away. Three of the four units present a unique opportunity for conversion into commercial office space, significantly increasing the property's value and rental income potential. This is a stabilized investment with a strong historical performance and significant future growth prospects in a rapidly developing area. The property's grandfathered zoning status adds to its appeal. This is a rare chance to acquire a high-performing multifamily property with considerable flexibility and upside in a thriving Texas market.